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Gaining from growth: The final report of the Commission on Living Standards

Gaining from growth: The final report of the Commission on Living Standards

Commission on Living Standards

31 Oct 2012

United Kingdom

State Pensions

The final report of the Commission on Living Standards claims that millions of households are heading for a long period of stagnant living standards unless bold steps are taken to ensure that growth over the next decade is broadly shared. Recommendations include scrapping generous pension tax reliefs to the very wealthy, reducing the lifetime allowance for pension contributions to £1m and that National Insurance payments should be extended beyond the State Pension Age (SPA), which would raise around £800m per year.

More details are generally available exclusively to subscribers of Perspective, the electronic pensions legal & regulatory information and news service. To read the summary, subscribers should launch Perspective and navigate via the Table of Documents to PensionSurveys >> Oct 2012 or click here (this link will not work in all circumstances). For further information about Perspectiveclick here.